Phil Magness on Piketty

Steven Horwitz

If you are not following the historian, and friend of us here at CP, Phil Magness's posts on the data in Piketty's book, you are missing some really careful scholarship that's revealing all kinds of, for lack of a better word, shenanigans in the book. Each one alone isn't much, but when all of PIketty's questionable statistical moves work in favor of his thesis, one eventually has to wonder exactly what's going on.